02 Cashflow
Paid on set terms, often for years
Every public contract carries an implied term that a valid, undisputed invoice is paid within 30 days. Frameworks can run for up to 4 years as standard, so one award can mean repeat revenue you can plan around.
Sources: Procurement Act 2023, s.68 implied payment terms and s.47 frameworks: maximum term (legislation.gov.uk). Exceptions apply, for example concession contracts and contracts awarded by schools.
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